HomeMy WebLinkAboutEXECUTIVE SESSION - 10/13/1998 - LAND ACQUISITION/RELEASED RES NO 14-01 (2) EXECUTIVE SESSION
Date October 13. 1998
Time 6:36 o.m.
Cherniek Conference Room
TOPIC: LITIGATION PERSONNEL, _ LAND ACQUISITION X
VILLAGE BOARD VILLAGE BOARD
MEMBERS PRESENT MEMBERS ABSENT STAFF PRESENT
C. JOHNSON N. CZARNIK G. PARRIN
President Village Trustee Village Manager
B. DILL R. RUNIMEL
Village Trustee Asst.Vlg.Mgr.
P. FEICHTER S. NIEHAUS
Village Trustee Asst. to Vlg. Mgr.
S. LISSNER G. KNICKERBOCKER
Village Trustee Village Attorney
J. PETRI
Village Trustee
C. PROCHNO
Village Trustee
Pursuant to a duly made and approved motion and a majority vote at a regularly
scheduled meeting of the Village President and Board of Trustees on 10!13/98 this
Executive Session was called to consider a Land Acquisition matter.
Number of pages attached: I
Date(s) of review for release: July 1999
1
Date of approval for release: -n 'b
0
.�Si
10/13//98
6:36 p.m.
Land Acquisition
The Village Manager updated the Village Board on the status of
potential developments at the southeast corner of Meacham and Biesterfield
Roads. It was explained that Cambridge Homes has submitted a conceptual
plan for multi-family use but had not proceeded due to multiple concerns
identified by staff. The Village Manager explained that if Cambridge
Homes withdrew their interest, Home Depot may be interested in
developing the property. Should that occur it may be necessary for the
Village to consider acquiring the wetland portion of that property for
passive recreation uses, which may be necessary to induce Home DepQt to
proceed.
The Village Board discussed whether or not any type of development
incentives should be offered to Home Depot due to the financial benefits
they could provide to the tax base. Upon discussion, the consensus of the
Village Board was as follows:
• to wait t,.vo (2j weeks to see if Cambridge Homes is still interested in
the property; and
• to not consider the use of tax rebates as a potential development
incentive.
The meeting adjourned at 6:45 p.m.
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